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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-6-2017: WPG Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Challenger project. Drilling results incl. 0.51m @ 52.54g/t Au from 120.49m. WPG Resources Ltd (ASX:WPG) has received further encouraging gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kurt Crameri (Internal) | |
| ABSTRACT: | WPG Resources Ltd (ASX:WPG) has received further encouraging gold assays from the last six holes in its Challenger Deeps drilling program announced on 3 April 2017. Results for the previous eight holes drilled were announced on 11 April, 17 May 2017 and 29 May and the highlights for the six holes drilled on the 75m RL and 60mRL levels are summarised below. WPG’s Executive Chairman Bob Duffin said “The results announced on 11 April, 17 May, 29 May and again today clearly show the main Challenger lodes extend at depth at least 75 metres below the limit of current mine development, and that the structures are heavily mineralised. We expect to be reporting results on the additional 5 holes that were added to this program in the coming weeks. The Deeps drilling program will recommence in late August following development of a lower drilling cuddy as we recommence decline development below the 215 shear. We will continue this drilling program with the objective of testing the lodes to even deeper levels. The results to date are highly encouraging and give us further encouragement that the M1, M2, Aminus and Challenger West structures below the 215 shear will form part of our future mining activities at Challenger”. During the next two months, mining of the decline will be restarted and Challenger Deeps will be mined down to the next production level at 115mRL, and additional diamond drill sites will be created. | |
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